Tuttle Capital has applied to create ten leveraged crypto ETFs, including Trump's and Melania's meme coins. Analysts believe that issuers are testing the limits of regulators' tolerance. 🧐
These ETFs will double the bets on XRP, Solana, Litecoin, and others. It will be interesting to see how the SEC reacts to such "unusual" applications, as there are still no standard ETFs for many of these assets.
KuCoin admitted guilt in conducting unregistered money transmission business and agreed to pay nearly $300 million as part of a settlement with the U.S. The founders are leaving the company. 🚫
- Fine: $112.9 million - Forfeiture: $184.5 million - Exit from the U.S. market for 2 years
KuCoin is accused of lacking AML and KYC programs. In other countries, operations continue unchanged.
🚨 Attention, crypto enthusiasts! The viral success of Chinese AI company DeepSeek has led to a surge in scam tokens. In the last 24 hours, 75 fake tokens have been created, which is three times more than the day before. Scammers have even created a fake app with a "Connect Wallet" button that can empty your crypto wallet. Be vigilant and don't be fooled!
• Donald Trump launched the memecoin TRUMP, and Melania launched MELANIA. Interest in "crypto" on Google has reached its peak since 2021. • Crypto trading apps have become leaders in the App Store, and new Solana addresses have reached a record. • But not everything is so rosy: the price of memecoins has fallen by 53%, and many have lost money. Politicians warn of possible risks to national security.
🚨 Spanish police have frozen $26.4 million in cryptocurrencies linked to money laundering across Europe. The operation involved Tron, Tether, and TRM Labs. Despite the efforts, Tron remains the leader in illegal transactions, and Tether is the most used asset for crime. Criminals are looking for new ways to avoid blocking by creating their own stablecoins. Be careful!
🚨 Attention, crypto users! AI romantic scams are becoming increasingly sophisticated. With the help of chatbots and deepfakes, scammers create convincing personas to lure you into giving up your digital assets. Stay alert: overly perfect profiles and quick financial requests are red flags. Use tools to verify images and texts to protect yourself. Awareness and caution are your best allies in the fight against these threats!
Brazilian data oversight has suspended the World ID project, banning the company Tools for Humanity from offering cryptocurrency in exchange for biometric data. 🛑 The decision is related to concerns that financial incentives may influence citizen consent, especially among vulnerable groups. The WLF token dropped 8% in a day, falling below $2, which is 83% lower than its peak in March.
🚨 Crypto World News: Meme coins continue to spark controversy! CEO of CryptoQuant Ki Young Ju compared them to the art market, claiming that both rely on the strength of narrative. Despite issues such as fraud, the meme coin market will not disappear in the next five years. In 2024, meme coins captured over 30% of investor interest. The launch of the TRUMP token sparked heated debates, including accusations of violating the US Constitution.
📉 In the world of cryptocurrency, uncertainty reigns: Bitcoin is stuck between $100,000 and $109,588, giving no advantage to either bulls or bears. Solana and Chainlink are also struggling for direction, while altcoins face an oversupply. Analysts are divided on the future of the market, and it remains unclear whether cryptocurrencies will overcome current barriers and reach new heights.
- Analysts debate whether the period of altcoins outpacing Bitcoin has ended. - Ali Martinez believes that due to 36.4 million altcoins on the market, a prolonged altseason is unlikely. - Economist Alex Kruger notes that the surplus of tokens makes portfolio management challenging. - Some analysts still see potential in altcoins with real utility and institutional interest.
Polymarket is back in the spotlight! 🔥 The crypto prediction platform faced user dissatisfaction following the market's decision to ban TikTok in the US. Although the law took effect on January 19, TikTok remained available thanks to Trump's intervention. Users accuse Polymarket of manipulation, and a transparency petition gathered fewer than 100 signatures. This is not the first time Polymarket has been criticized for controversial decisions.
Bitcoin (BTC) may begin a multi-year decline this year as BTC price indicators approach the oversold zone. 🧐 A study from CryptoQuant warns that the Bitcoin Cyclical Indicators Index (IBCI) hints at the end of the bull market. Although the targets for 2025 are high, the data shows a different picture. The IBCI has reached the "distribution zone" for the first time in 8 months, which may indicate an approaching peak of the cycle.
- US President Donald Trump signed an executive order banning the creation of central bank digital currencies (CBDCs) in the country. This could be a game changer for the crypto industry.
- Experts believe that such a move could attract large investors who were waiting for clarity in regulation.
- However, the exclusion of the Fed and FDIC from crypto groups raises questions about the future of banking relationships with crypto firms.
🚨 Cryptocurrency Market News: The SEC cancels the controversial SAB 121 rule, which required banks to account for clients' crypto assets as liabilities. This decision simplifies cryptocurrency operations and may attract traditional banks to the crypto space. The new SAB 122 rule requires assessing real risks, which could increase trust in crypto custody services and stimulate innovation in the industry.
🚨 Trump banned CBDC in the USA! This decision could impact global central bank digital currency projects. While retail CBDCs may slow down, wholesale CBDCs, on the other hand, are gaining momentum. Experts believe this is a step towards an alternative to the US-controlled financial system. While Europe and China continue to develop their CBDCs, the USA remains on the sidelines. How will this affect the market? Time will tell!
- The Bitcoin community is criticizing Ripple for pushing the idea of a multi-currency strategic reserve in the US instead of a Bitcoin-only reserve. - Ripple CEO Brad Garlinghouse confirms support for a diversified reserve. - Many believe that including other cryptocurrencies like XRP will create political problems for the Trump administration.
🚨 THORChain has temporarily suspended lending and savings programs for BTC and ETH to avoid a solvency crisis. The decision is supported by node operators. Exchanges continue, but the community has 90 days to stabilize. Some participants are concerned, but others are confident in recovery. The price of RUNE has fallen by 32% to $2.10. Questions remain, but hope for restructuring is alive.
The SEC has repealed SAB 121, which required financial firms to account for cryptocurrency as a liability. This has reignited the debate over Bitcoin custody.
- Michael Saylor welcomed the changes, but analyst Jacob King thinks they are insignificant. - Some fear banks are undermining decentralization, but others see convenience.
The debate over self-custody and institutional participation continues. 🤔
🚨 Senator Elizabeth Warren calls on US financial regulators to investigate the ethical and legal issues surrounding Trump's cryptocurrencies. The meme coins TRUMP and MELANIA, launched by Donald and Melania, have sparked a wave of criticism. Their value has sharply declined after an initial surge. Warren is concerned about potential foreign influence and conflicts of interest, as Trump controls 80% of TRUMP. Lawyers expect a flood of lawsuits.
The SEC has rescinded the controversial SAB 121 rule, which required financial companies to account for crypto assets as liabilities. 🎉
- New guidance published on January 23 cancels the rule that had been in effect since March 2022. - SEC Commissioner Hester Peirce commented on this event on X: "Goodbye, SAB 121! It wasn't fun."
Stay tuned for updates to learn more about the implications of this decision for the crypto market.